KUSHTOWN USA AND FINORE WORKING TO FINALIZE TRANSACTION
November 28 2016 - 9:00AM
InvestorsHub NewsWire
KUSHTOWN USA AND FINORE
WORKING TO FINALIZE TRANSACTION
Vancouver, BC -- November 28, 2016 -- InvestorsHub NewsWire
-- Finore Mining Inc.
(“Finore” or the “Company”)
(CSE: FIN; OTC: FNREF) and Kushtown USA
(“Kushtown”) announce that the companies are working closely with
their legal advisors and are nearing completion of final
documentation for filing with the Canadian Securities Exchange for
completion of Finore’s merger with Kushtown USA and plan to file
the documentation in the coming weeks.
Kushtown USA
Progress
Kushtown USA has entered into consulting
agreements with the best industry legal and regulatory advisors on
marijuana legalization in California and North America and is
working with these advisors to structure the company’s operations
to be fully compliant with the changing legislation across North
America.
Kushtown USA, with guidance from its
advisors has entered into an Option to Lease a facility to
establish an automated bottling and edibles manufacturing and
distribution facility in the Greater Los Angeles area and is
finalizing its due diligence on the facility. The company is
working with its advisors to ensure its planned manufacturing
facility will be compliant with the California Food Safety
Program.
The Food Safety Program of the Food and
Drug Branch of California strives to be a world leader and trusted
voice in farm to table food safety. The mission of the
program is to protect and improve the health of consumers by
assuring foods are safe, and are not adulterated, misbranded, or
falsely advertised. This is accomplished through enforcement
based upon scientific principles and specific legal
authority.
Kushtown International
Branding Program
Kushtown USA owns the trademark
“KUSHTOWN” in the United States and has submitted applications to
trademark KUSHTOWN in Europe, Australia, New Zealand, Canada, and
Latin America. Kushtown’s goal is to build the Kushtown brand
of sodas, sauces and edibles across all regions where marijuana is
legal for medicinal or recreational marijuana products. Initial
plans are for Kushtown USA to focus in the USA and Canada.
The company will also be seeking licensing partners to the Kushtown
brand in other countries such as Colombia, Netherlands, Puerto
Rico, Portugal and Spain, where marijuana has been largely
legalized.
Kushtown President, Peter Moret states,
“We are moving quickly to be the first company to work towards an
internationally recognized cannabis brand of sodas and edibles. I
am proud to stand behind the reputation that Kushtown USA has built
in the California cannabis medicinal market and it has long been my
goal to build Kushtown into an internationally recognized name
brand. Our transaction with Finore will establish a Canadian
public listing and acquire the required funding to do so. We have
engaged the best industry advisors who will guide us to be a first
mover in this exciting business opportunity and move forward with
full compliance to the changing regulatory fields in the various
jurisdictions.”
The CSE does not accept responsibility for the adequacy
or accuracy of this release.
This news release does not constitute an offer to sell
or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any state securities laws
and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Cautionary Statement
Regarding “Forward-Looking” Information
The forward-looking information
contained in this press release is made as of the date of this
press release and, except as required by applicable law, the
Company does not undertake any obligation to update publicly or to
revise any of the included forward-looking information, whether as
a result of new information, future events or otherwise, except as
may be required by law. By its very nature, such forward-looking
information requires the Company to make assumptions that may not
materialize or that may not be accurate. This forward-looking
information is subject to known and unknown risks and uncertainties
and other factors, which may cause actual results, levels of
activity and achievements to differ materially from those expressed
or implied by such information.
Listing: CSE - Symbol: FIN, OTC: FNREF
Investor Contact: Rav Mlait, CEO email at info@finoremining.com